The Levene Family Foundation
The Levene Family Foundation shows minimal historical activity with recent substantial increase in revenue and assets.
EIN: 166283714 · Dorset, VT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $1K |
| Program Spending | 90% |
| Net Assets | $12K |
| Transparency Score | 75/100 |
Is The Levene Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Levene Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Levene Family Foundation
The Levene Family Foundation (EIN: 166283714) is a nonprofit organization based in Dorset, VT. The organization reported total revenue of $3.2M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Levene Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Levene Family Foundation is a mid-size nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -35.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $217 |
| Total Expenses | $1K |
| Surplus / Deficit | $-867 |
| Total Assets | $12K |
| Total Liabilities | $1 |
| Net Assets | $12K |
| Operating Margin | -399.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 137.0 months |
Financial Health Grade: B
In 2023, The Levene Family Foundation reported a deficit of $867 with expenses exceeding revenue, holds 137.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Levene Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -35.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -252.8% | +28.8% | -13.5% |
| 2021 | +1666.7% | — | +10.9% |
| 2020 | +800.0% | — | +0.8% |
| 2019 | -100.0% | -100.0% | +5230.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Levene Family Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, The Levene Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $867, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all provided filing periods, indicating that its leadership is either unpaid or compensated through other means not reported as officer compensation, which is a positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Levene Family Foundation's IRS 990 filings:
- Inconsistent financial reporting with a large discrepancy between historical detailed filings and 'Latest Revenue' and 'Assets' figures.
- Unknown NTEE code, which limits understanding of its specific charitable purpose.
- Negative revenue reported in 202212 ($-243), which could indicate specific accounting adjustments or unusual financial events.
Strengths
The following positive indicators were identified for The Levene Family Foundation:
- Consistently reports 0% officer compensation, indicating efficient use of funds for operations or programs.
- Historically low liabilities, often $0 or $1, suggesting sound financial management regarding debt.
- Recent substantial increase in assets and revenue, indicating potential for increased programmatic impact if managed effectively.
Frequently Asked Questions about The Levene Family Foundation
Is The Levene Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Levene Family Foundation (EIN: 166283714) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does The Levene Family Foundation spend its money?
The Levene Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Levene Family Foundation tax-deductible?
The Levene Family Foundation is registered as a tax-exempt nonprofit (EIN: 166283714). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Levene Family Foundation located?
The Levene Family Foundation is headquartered in Dorset, Vermont and files with the IRS under EIN 166283714.
How many years of IRS 990 filings does The Levene Family Foundation have?
The Levene Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.2M in total revenue.
What caused the significant increase in 'Latest Revenue' to $3,247,016 and 'Assets' to $1,869,736, given the historically low figures?
The provided data does not specify the source or nature of this recent substantial financial influx. It could be a large donation, investment gains, or a change in reporting for a specific period.
What are the specific programs or grants funded by The Levene Family Foundation?
The NTEE code is unknown, and the provided financial data does not detail specific programmatic activities or grant recipients, making it difficult to assess its direct impact.
How does the foundation manage its expenses, which historically often exceeded revenue?
In earlier periods (e.g., 2015-2011), expenses consistently exceeded revenue. For a private foundation, this can be typical if they are distributing grants from an endowment or prior year contributions. More recent periods show extremely low activity.
Filing History
IRS 990 filing history for The Levene Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Levene Family Foundation's revenue has declined by 99.5%, moving from $40K to $217. Total assets decreased by 82.3% over the same period, from $70K to $12K. Total functional expenses fell by 98.2%, from $59K to $1K. In its most recent filing year (2023), The Levene Family Foundation reported a deficit of $867, with expenses exceeding revenue. The organization holds $1 in liabilities against $12K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $217 | $1K | $12K | $1 | — | — |
| 2022 | $-243 | $85 | $12K | $1 | — | View 990 |
| 2021 | $159 | $66 | $14K | $1 | — | View 990 |
| 2020 | $9 | $0 | $12K | $1 | — | — |
| 2019 | $1 | $0 | $12K | $1 | — | — |
| 2015 | $32K | $54K | $227 | $0 | — | View 990 |
| 2014 | $68K | $76K | $22K | $0 | — | View 990 |
| 2013 | $46K | $68K | $29K | $0 | — | View 990 |
| 2012 | $38K | $56K | $52K | $0 | — | View 990 |
| 2011 | $40K | $59K | $70K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $217, expenses of $1K, and assets of $12K.
- 2022: Revenue of $-243, expenses of $85, and assets of $12K (revenue -252.8% year-over-year).
- 2021: Revenue of $159, expenses of $66, and assets of $14K (revenue +1666.7% year-over-year).
- 2020: Revenue of $9, expenses of $0, and assets of $12K (revenue +800.0% year-over-year).
- 2019: Revenue of $1, expenses of $0, and assets of $12K (revenue -100.0% year-over-year).
- 2015: Revenue of $32K, expenses of $54K, and assets of $227 (revenue -53.1% year-over-year).
- 2014: Revenue of $68K, expenses of $76K, and assets of $22K (revenue +48.7% year-over-year).
- 2013: Revenue of $46K, expenses of $68K, and assets of $29K (revenue +20.6% year-over-year).
- 2012: Revenue of $38K, expenses of $56K, and assets of $52K (revenue -3.6% year-over-year).
- 2011: Revenue of $40K, expenses of $59K, and assets of $70K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Levene Family Foundation:
Data Sources and Methodology
This transparency report for The Levene Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.